Data Table Relax-Time installed eleven pools (Click the icon to view the Assume that the actual sales price of ten pools at $12,000 per pool. get was prepared with the following assumptions: variable cost of $8.300 per pool, fixed expenses of $20,700 per month, and anticipated sales volume Relax-Time Pools Income Statement Performance Report Requirement 1. Compute the sales volume v Month Ended June 30 me differs from operating income shown in the static budget. (1) (2) (3) (5) (1)-(3) Flexible (3)-(5) Actual Budget Results Flexible for Actual Sales Static at Actual Budget Number of Volume (Master) Actual R Prices Variance Output Units Variance Budget Actual 10 10 2 F 8 Output units (pools installed) Output units Sales revenue $121,000 $1,000 F $24,000 F $90,000 $120,000 80,000 Variable expenses 83,000 3,000 U 18,000 84,000 Sales revenue 22.000 2,000 U 20.000 -0. 20.000 Fixed expenses Variable expenses 105,000 5,000 U 100,000 16.000 U 84,000 Fixed expenses Total expenses $ 16,000 $4,000 U $ 20,000 S 8,000 F $12.000 Total expenses Operating income Operating income Flexible budget variance, $4.000 U Sales volume variance, $8.000 F Use the sales volume variance an e shown in the static budget. Relax-Time's actual operating ind in Static budget variance, $4,000 F * Budgeted sale price is $12,000 per pool, budgeted variable expense is $8,000 per pool and budgeted total monthly fixed expenses are $20,000. 1. Relax-Time actually installed Relax-Time installed eleven pools during March. Prepare an income statement performance report for Relax-Time for March, using the table below as a guide. Click the icon to view the table.) Assume that the actual sales price per pool is $12,000, actual variable expenses total $61,500, and actual fixed expenses are $19,000 in March. The master budget was prepared with the following assumptions: variable cost of $8.300 per pool, fixed expenses of $20,700 per month, and anticipated sales volume of ten pools at $12,000 per pool. Requirement 1. Compute the sales volume variance and flexible budget variance. Use these variances to explain to Relax-Time's management why March's operating income differs from operating income shown in the static budget. Relax-Time Pools Income Statement Performance Report Month Ended March 31 Flexible Budget for Actual Results at Flexible Budget Actual Number of Sales Volume Static (Master) Actual Prices Variance Output Units Variance Budget Output units Sales revenue Variable expenses Fixed expenses Total expenses Operating income Use the sales volume variance and flexible budget variance to explain to Relax-Time's management why March's operating income differs from operating income shown in the static budget. Relax-Time's actual operating income was $ the static budget. There are two primary reasons: 1. Relax-Time actually installed V pool than expected. This operating income by $ 2. Relax-Time's actual expenses to install 11 pools were $ than they should have been to install 11 pools. This flexible budget variance means that Relax-Time did a job controlling cost